EV maker Rivian likely to fetch nearly $94 billion valuation in market debut

FILE PHOTO: Rivian introduces all-electric R1S SUV at LA Auto Show in Los Angeles, California

– Amazon-backed EV maker Rivian Automotive Inc was set to fetch a valuation of nearly $94 billion on Wednesday, as its shares were indicated to open more than 40% above their offer price on the Nasdaq.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur)


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